Captrust Financial Advisors purchased a new stake in First Data Corp (NYSE:FDC) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 16,000 shares of the business services provider’s stock, valued at approximately $267,000.
Several other large investors have also modified their holdings of FDC. Macquarie Group Ltd. acquired a new stake in First Data during the third quarter worth about $117,000. Ladenburg Thalmann Financial Services Inc. boosted its holdings in First Data by 254.6% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,205 shares of the business services provider’s stock valued at $130,000 after purchasing an additional 5,173 shares in the last quarter. Pittenger & Anderson Inc. boosted its holdings in First Data by 72.2% during the fourth quarter. Pittenger & Anderson Inc. now owns 7,750 shares of the business services provider’s stock valued at $130,000 after purchasing an additional 3,250 shares in the last quarter. Cerebellum GP LLC acquired a new stake in First Data during the fourth quarter valued at approximately $131,000. Finally, Bluestein R H & Co. acquired a new stake in First Data during the third quarter valued at approximately $180,000. 49.48% of the stock is currently owned by institutional investors.
A number of research analysts have recently issued reports on the stock. ValuEngine cut shares of First Data from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Bank of America upgraded shares of First Data from a “neutral” rating to a “buy” rating in a research report on Thursday, January 18th. Piper Jaffray reaffirmed a “buy” rating and set a $26.00 target price on shares of First Data in a research note on Thursday, January 18th. Zacks Investment Research downgraded First Data from a “hold” rating to a “sell” rating in a research note on Tuesday, March 20th. Finally, BTIG Research reaffirmed a “buy” rating on shares of First Data in a research note on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-two have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $20.27.
Shares of FDC traded down $0.35 during midday trading on Friday, hitting $15.47. The company had a trading volume of 7,776,991 shares, compared to its average volume of 8,370,463. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.00 and a current ratio of 1.00. First Data Corp has a 1 year low of $14.67 and a 1 year high of $19.23. The stock has a market capitalization of $14,652.77, a PE ratio of 12.09, a PEG ratio of 1.01 and a beta of 1.45.
First Data (NYSE:FDC) last issued its earnings results on Monday, February 12th. The business services provider reported $0.44 earnings per share for the quarter, hitting the consensus estimate of $0.44. The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.11 billion. First Data had a return on equity of 24.96% and a net margin of 12.16%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the company earned $0.39 EPS. analysts predict that First Data Corp will post 1.2 EPS for the current year.
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First Data Company Profile
First Data Corporation provides electronic commerce solutions for merchants, financial institutions, and card issuers worldwide. It operates through three segments: Global Business Solutions (GBS), Global Financial Solutions (GFS), and Network & Security Solutions (NSS). The GBS segment offers retail point-of-sale merchant acquiring and e-commerce services; and mobile payment services, as well as its cloud-based Clover point-of-sale operating system, which includes a marketplace for proprietary and third-party business applications.
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